WAITING FOR PRICE ACTION (Short)
On a fundamental point of view, the negative resulted on job reports on US and the economics data reports coming in Retail Sales (March 11) and the CPI data (March 12) can change the direction of the DXY to a downside movement.
On a technical side the price has touch the last near high (November 12) so the price could be yet in a retracement process according to Elliot Waves Principles, an "Expanded flat" correction. As we can see in the chart.
So, what I will do is wait for a price action retracement signal.
source: cnbc.com/2019/03/08/week-ahead-after-mysterious-lack-of-new-jobs-slew-of-us-data-will-be-a-big-deal.html
forexfactory.com/calendar.php?day=mar11.2019
On a technical side the price has touch the last near high (November 12) so the price could be yet in a retracement process according to Elliot Waves Principles, an "Expanded flat" correction. As we can see in the chart.
So, what I will do is wait for a price action retracement signal.
source: cnbc.com/2019/03/08/week-ahead-after-mysterious-lack-of-new-jobs-slew-of-us-data-will-be-a-big-deal.html
forexfactory.com/calendar.php?day=mar11.2019
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